LAKE STEVENS SENIOR CENTER

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

JERRY STUMBAUGH

Phone

4253355158

Tax Period

2023-01-01 to 2023-12-31

LAKE STEVENS SENIOR CENTER, founded in 1991, is a small nonprofit in the Unknown sector that reported $215K in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 27% operating margin.

Mission

TO PROVIDE ACTIVITIES AND TRANSPORTATION SERVICES FOR SENIOR CITIZENS WITHIN THE COMMUNITY OF LAKE STEVENS WA AND SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $103,879 Revenue: $37,570

PROVIDING ACTIVITIES AND TRANSPORTATION FOR SENIOR CITIZENS WITHIN THE LAKE STEVENS COMMUNITY AND SURROUNDING AREAS. THESE SERVICES BENEFIT AT LEAST 221 MEMBERS AND MANY MORE INDIVIDUALS AND...

PROVIDING ACTIVITIES AND TRANSPORTATION FOR SENIOR CITIZENS WITHIN THE LAKE STEVENS COMMUNITY AND SURROUNDING AREAS. THESE SERVICES BENEFIT AT LEAST 221 MEMBERS AND MANY MORE INDIVIDUALS AND ORGANIZATIONS THROUGHOUT THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $161,447

Program Service Revenue $21,163

Investment Income $506

Other Revenue $31,770

TOTAL REVENUE $214,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,961

Fundraising Expenses $0

Program Expenses $103,879

Other Expenses $81,807

TOTAL EXPENSES $157,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,886	$116,596	+0.8%
Expenses	$157,768	$113,893	+0.4%
Net Income	$57,118	$2,703	+20.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY STUMBAUGH	PRESIDENT	15.00	Officer	$0	$0	$0
ROY HURTT	VICE PRESIDENT	10.00	Officer	$0	$0	$0
DEBBIE LYONS	SECRETARY	5.00	Officer	$0	$0	$0
ROGER SHARP	TREASURER	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$214,886	$157,768	$215,401	$57,118